HB5495 Summary

• Amends the Motor Fuel Tax Law to create a new Section 2e addressing taxes on motor fuel sold on Illinois waterways.

• Motor fuel tax proceeds from sales on Illinois waterways must be remitted back to either the local waterway agency where the sale occurred or to the Department of Natural Resources.

• Defines "waterway purposes" as maintenance, repair, construction, and upkeep costs related to Illinois waterways.

• All tax revenue collected from motor fuel sales on Illinois waterways must be used exclusively by the receiving agency for waterway purposes.

• Bill takes effect immediately upon becoming law.